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Discussion in 'The Mainboard' started by Tobias, Jan 26, 2021.
The owner of the Mets
No 401ks are shorting 140% of gamestop lol
I have a Robinhood account ama
I get that it's easy rooting against the people running the hedge funds, but the money that is being lost is probably a lot of pensions and endowments.
Power to the people my man.
Capital gains is at 23%, yeah?
Probably shouldn't be shorting stocks with peoples' pensions and endowments.
I’m not sure my accountant handles all that
looking for the next Gamestop seems like a good idea, but I can't see these funds continuing to short AMC or BB or whatever they way they did GME. they won't make the same mistake again (or will they)
The hedge funds have robbed the system for years. The people caught them in the act on this one. Fuck em.
I wish I could get in on making money on this but I made the mistake of tuning out anyone who tried to talk to me about investing over the years.
I am guessing that this has gone beyond just being a short squeeze to the options market and the gamma whip is the tail wagging the dog.
I am simultaneously laughing at this and pulling up my 401k like
Purely distilled capitalism is a scourge.
Fuck Ronald Reagan to hell
Do not try to catch a falling knife.
That one dude owns the Mets. RIP teel
how long does a market order usually take to fill on td Ameritrade? Trying to get in on some AMC and it it’s been open for like 15 minutes
You mean players, right?
My sales are not currently going through but up $300/share on gamestop, tripled money on AMC in a week, more than doubled money on blackberry in a week. Obviously bought stocks based on memes so didn't put in that much money but still just insane returns.
What's interesting is the biggest institutional holders of GME is Dimensional Fund Advisors which is run by a bunch of academics rooted in the Efficient Market Hypothesis.
Fama French need to add the WSB Yolo factor to their model
One second. The brokers are struggling, I'd advise against a market order right now, you might overpay by a lot
Internet collectivism really hosed that hypothesis didn't it
What the internet did for direct channels to people in power and the ability for musical artists and comedians to work outside traditional structures, it's done for investing. That has to be generally terrifying for professionals.
That’s a cup of coffee to him you dummies
bankrupt the hornets please
weird how $2b is no big deal to him but he wasnt able to afford $150m for realmuto like we were all promised he totally would
I tend to think that Melvin can't be as exposed as everyone thinks here. I am sure they have hedged in some way as opposed to just being naked short.
He's so poor he only put up $750 million, the $2bill came from Ken Griffin.
Ken ironically is making money on filling all the retail order flow from WSB.
AMC trading apparently suspended
Who is Melvin Capital and why is reddit going after them as opposed to any other hedge fund?
They went after the stock that was the most shorted. It just happened to be Melvin
I don't think it is personal at the beginning other than just being on the opposite side of the trade
WSB already took down Wedgie Capital so they moved on to Melvin Capital.
Actually makes it funnier
Thinking about how Rockstar pulled the stock market out of GTA Online because they thought it’d be exploited by people colluding en masse as the in game stock market subreddit exploded in popularity pre-launch all those years ago and chuckling a bit to myself
wow teel $2b is so meaningless to him that he wasnt even able to afford half of that.
Toby desperately trying so hard to be in denial about a juggernaut being built while thinking about his ownership splurging on Charlie Morton and calling it an offseason
Up 241% on GME
uncle stevie has hired a sexual deviant as GM and cheaped out on signing the guy who you and other met fans swore he would be able to pay for with change from his couch cushions
i get that you're upset for being duped by a couple zany tweets from him about how he was changing the culture and whatever and it has to be frustrating knowing that every person on earth besides met fans saw this con coming but it isnt necessary to lash out like this
We should not be picking winners and losers!!!!!!1
it probably isnt, at least not for pensions
I put in sale order at right at open. Took 26 minutes but got out.
The GameStop stuff is funny and all but the company deserves to be shuttered, fucking hate ‘em. I dislike that execs who have made detrimental decisions for gamers for years now get to see their wealth exponentially grow.
Lol the execs have been dumping their stock at like $30 the last few weeks. They don't even believe in the company